The point of the article is that cash has fees and costs per transaction and per day that are getting larger as cash is used less. We as customers just don’t see them. Transport, security, transactions all cost businesses and in places where cash is not much used, and for instance country towns, those costs can be prohibitive for merchants. Those card fees are right now probably less than cash costs.
I’ve actually gone back to using cash when most merchants are Charing a 1.5% card fee. Fuck that shit.
Yeah same. I’d be really interested to know what the cost of cash is, my guess is more than 1.5% with the extra effort needing to be put into banking, slower transactions, mistakes and fake notes. Seems like most businesses are just assuming laziness of their customers just wanting to tap.
It’s a tax dodge. You can skim off the top easier with cash.
I hate where this is going, but accept that it is inevitable. As much as I value my privacy, I’ve well and truly fallen into the trap of using tap and pay with my phone. I don’t think I’ve carried cash in any meaningful quantity for years now.
Its not the article is more garbage from the ABC.
The amount of cash in the economy is higher than ever before.
Welcome to the Australia community. There is nothing wrong with disagreeing with people, however it is clear to me that you are just trying to have a go at the ABC (as you have done previously). If you want to do that don’t do it here - or if you do have some evidence that cash use is actually increasing in Australia feel free to post it.
Thank you for your understanding
Go back to Reddit clown.
I don’t use cash often, but it would be a shame to see it go completely. Privacy concerns aside - It does come in handy for in-person marketplace type transactions to avoid the payid scams that are running rife at the moment.
It also doesn’t rely on having an internet connection which can be useful
The central issue is control. I’m happy to use EFTPOS but would definitely not want to see cash disappear as it’s not something governments can easily track and/or move.
Some places are no longer accepting cash.
Without the establishment of a comparable (in terms of barrier to entry and ease of use) privacy respecting alternative, the complete disappearance of cash is a problem. I don’t use it for many transactions myself, but others should absolutely have the right to opt out if they so choose.
I don’t know… my dad will find a way to give me cash instead putting it into my account.
I say that as if I’m like 15. No, I saw him on the weekend and he gave me birthday money, and the place we went to accepted card for the most part, I asked him “can I give this back to you and you can send me money” and he’s like “nahh don’t worry”. Had to go to my local bank to deposit it.
FYI you can now deposit cash at the post office. You need to supply a bank card to identify the account, but there’s no fees involved.
I noticed that last night when my sister picked up a birthday present. That’s pretty cool tbh.
I’m thinking of moving entirely to cash even though I’m more likely to lose it than my card. Sick of everyone getting rich off the data I provide.
